Amazon.com (NASDAQ:AMZN) Trading 0.7% Higher

Amazon.com, Inc. (NASDAQ:AMZN) shot up 0.7% on Monday . The company traded as high as $168.55 and last traded at $168.13. 10,813,787 shares were traded during trading, a decline of 75% from the average session volume of 43,424,309 shares. The stock had previously closed at $166.94.

Analysts Set New Price Targets

Several equities analysts have recently commented on AMZN shares. Loop Capital increased their price objective on Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Morgan Stanley reduced their price target on shares of Amazon.com from $240.00 to $210.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. BMO Capital Markets boosted their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Jefferies Financial Group reduced their target price on shares of Amazon.com from $235.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Finally, Bank of America lowered their price target on shares of Amazon.com from $220.00 to $210.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. One analyst has rated the stock with a hold rating, forty have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of “Buy” and an average target price of $221.69.

Amazon.com Stock Down 0.1 %

The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The company has a fifty day simple moving average of $185.06 and a 200 day simple moving average of $180.36. The firm has a market capitalization of $1.77 trillion, a P/E ratio of 47.67, a P/E/G ratio of 1.32 and a beta of 1.15.

Insider Buying and Selling

In related news, CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $182.11, for a total transaction of $2,658,806.00. Following the sale, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at approximately $8,923,390. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $182.11, for a total value of $2,658,806.00. Following the transaction, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at approximately $8,923,390. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $189.25, for a total value of $662,375.00. Following the sale, the chief executive officer now owns 503,753 shares in the company, valued at $95,335,255.25. The disclosure for this sale can be found here. Insiders have sold a total of 6,106,726 shares of company stock worth $1,221,095,028 in the last quarter. Corporate insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

Several hedge funds and other institutional investors have recently bought and sold shares of AMZN. Argus Investors Counsel Inc. grew its stake in shares of Amazon.com by 42.9% during the 4th quarter. Argus Investors Counsel Inc. now owns 19,630 shares of the e-commerce giant’s stock valued at $2,983,000 after purchasing an additional 5,894 shares during the period. Durante & Waters LLC bought a new stake in Amazon.com during the fourth quarter valued at approximately $1,044,000. Wolf Group Capital Advisors increased its holdings in Amazon.com by 10.4% during the fourth quarter. Wolf Group Capital Advisors now owns 12,773 shares of the e-commerce giant’s stock valued at $1,941,000 after buying an additional 1,203 shares during the last quarter. Prio Wealth Limited Partnership raised its position in Amazon.com by 1.7% in the fourth quarter. Prio Wealth Limited Partnership now owns 582,507 shares of the e-commerce giant’s stock worth $88,506,000 after acquiring an additional 9,476 shares during the period. Finally, Monte Financial Group LLC boosted its stake in shares of Amazon.com by 7.1% during the 4th quarter. Monte Financial Group LLC now owns 1,872 shares of the e-commerce giant’s stock worth $284,000 after acquiring an additional 124 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.